11 General Canby DrSpanish FortAL36527
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Spanish Fort at 11 General Canby Dr, Spanish Fort, AL, 36527 uses $213,488 cash to close to unlock $88/yr annual cash flow and $7/mo monthly cash flow. Total monthly income runs $3,670/mo, and a $3,176/mo payment keeps the spread at $7/mo. Purchase price stands at $648,900, and rental yield measures 6.79% with $3,670/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $179,279 over five years. Five-year ROI reaches 103.12% and total cumulative return in cash records $220,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,670/mo property income covering a $3,176/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36527, Spanish Fort, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,139 (100%) |
| Owner Occupied HU | 5,682 (69.8%) |
| Renter Occupied HU | 1,768 (21.7%) |
| Vacant Housing Units | 689 ( 8.5%) |
| Median Home Value | $387,509 |
| Average Home Value | $441,848 |
Housing Distribution
Address Breakdown
Residential
7,791
Single Family
6,813
Multi-Family
978
Businesses
484
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Listed by: Judy Niemeyer • Ashurst & Niemeyer LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7581014
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.